Order cancellation
First Claim
Patent Images
1. A method comprising:
- determining, by a computer system of an electronic marketplace, a number;
counting, by the computer system of the electronic marketplace, the number of received first indications, in which each first indications indicates a respective first order, in which each first order defines a respective first trade;
after receiving the number of first indications, receiving, by the computer system of the electronic marketplace, a second indication of a second order, in which the second order defines a second trade;
constraining, by the computer system of the electronic marketplace in response to having counted the number of first indications before the second indication, a cancellation of the second order for a period of time; and
allowing, by the computer system of the electronic marketplace, the cancellation of the second order after the period of time if an acceptance to enter into the second trade is not identified during the period of time.
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Abstract
A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
178 Citations
27 Claims
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1. A method comprising:
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determining, by a computer system of an electronic marketplace, a number; counting, by the computer system of the electronic marketplace, the number of received first indications, in which each first indications indicates a respective first order, in which each first order defines a respective first trade; after receiving the number of first indications, receiving, by the computer system of the electronic marketplace, a second indication of a second order, in which the second order defines a second trade; constraining, by the computer system of the electronic marketplace in response to having counted the number of first indications before the second indication, a cancellation of the second order for a period of time; and allowing, by the computer system of the electronic marketplace, the cancellation of the second order after the period of time if an acceptance to enter into the second trade is not identified during the period of time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. An apparatus comprising:
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one or more non-transitory machine-readable media having stored thereon a plurality of instructions that when executed by one or more processors cause the processors to; determine a number; count the number of received first indications, in which each first indications indicates a respective first order, in which each first order defines a respective first trade; after receiving the number of first indications, receive a second indication of a second order, in which the second order defines a second trade; constrain, in response to having counted the number of first indications before the second indication, a cancellation of the second order for a period of time; and allow the cancellation of the second order after the period of time if an acceptance to enter into the second trade is not identified during the period of time. - View Dependent Claims (23, 24)
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25. A method comprising
determining, by a computer system of an electronic marketplace, a number; -
counting, by the computer system of the electronic marketplace, the number of received first indications, in which each first indications indicates a respective first order, in which each first order defines a respective first trade; after receiving the number of first indications, receiving, by the computer system of the electronic marketplace, a second indication of a second order constraining, by the computer system of the electronic marketplace in response to having counted the number of first indications before the second indication, a cancellation of the second order for a first period of time; and allowing, by the computer system of the electronic marketplace, the cancellation of the second order after the period of time if an acceptance to enter into the second trade is not identified during the period of time. - View Dependent Claims (26, 27)
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Specification